Articles
Insurance
European legacy acquirer DARAG Group has agreed to acquire Zurich Insurance's German architects and engineers (A&E) professional indemnity insurance portfolio, assuming reserves of over €180 million. 9 September 2019
Insurance
A lack of risk models covering some key perils in large parts of Europe is holding back the development of the insurance-linked securities (ILS) market in the continent, Marco Sordoni, head of reinsurance buying for Italian insurer UnipolSai Assicurazioni, told Monte Carlo Today. 9 September 2019
Insurance
The Lloyd’s Risk Exchange will bring more business into the London Market and will also shape and adapt to the future of the insurance market, according to James Willison, managing director of Web Connectivity Ltd (WCL), a company which has developed a solution that allows commercial insurance organisations to adopt ACORD XML standards. 8 September 2019
Insurance
Global insurance legacy specialist DARAG has seen a “flurry of activity” in the last 18 months with a number of acquisitions and funding, “and more announcements to come”, the company’s group chief executive officer Tom Booth told Monte Carlo Today. 8 September 2019
Insurance
Rates in the global reinsurance market are improving—but a true hard market is some way away, according to the latest market sector report by Fitch Ratings. 8 September 2019
Insurance
After the 2017 and 2018 cat losses, investors are more cautious and seeking better returns. But with new ILS hubs emerging globally, the future of this market looks bright, Craig Smith of Deutsche Bank told Monte Carlo Today. 8 September 2019
Insurance
In the 2019 renewals negotiations so far, reinsurers have seen improvements in rates and prices compared to the previous, heavily loss-affected years. 8 September 2019
Insurance
The Deutsche Rück Group is planning a geographical expansion outside its core markets. Achim Bosch, chief underwriting officer at the company, told Monte Carlo Today that in the coming months, the group will enter some new markets outside Europe and take on business from selected North African markets. 8 September 2019
Insurance
Despite operating in a turbulent market buffeted by numerous micro and macroeconomic factors, reinsurers continue to grow and perform well and are increasingly helping emerging markets better manage risk. 8 September 2019
Insurance
Four years since the launch of UnipolRe, the Dublin-based reinsurer backed by Italian insurer UnipolSai Assicurazioni, chief executive Marco Sordoni explains to Monte Carlo Today why the reinsurer is seeking deeper relationships with clients and is investing in its infrastructure. 8 September 2019
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